Regulation: Difference between revisions
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imported>Doug Williamson (Updated entry. Source ACT Glossary of terms) |
imported>Doug Williamson (Expand to clarify that regulation includes both primary and secondary legislation.) |
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'' | 1. The control of markets or of other activities, usually by a system of rules, often including primary or secondary legislation. | ||
''2. Law.'' | |||
A rule designed to carry out a specific piece of legislation. Usually enforced by a regulatory agency. | |||
3. ''European Union law''. | |||
An act of European Union (EU) law having direct effect in all member states. | An act of European Union (EU) law having direct effect in all member states. | ||
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4. | |||
More generally, a rule to control, direct or manage an activity, organisation or system. | |||
Such a regulation may or may not have legal authority. | |||
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* [[Directive]] | * [[Directive]] | ||
* [[European Union ]] | * [[European Union ]] | ||
* [[Primary legislation]] | |||
* [[Secondary legislation]] | * [[Secondary legislation]] | ||
[[Category:Accounting,_tax_and_regulation]] | [[Category:Accounting,_tax_and_regulation]] | ||
[[Category:Compliance_and_audit]] | [[Category:Compliance_and_audit]] | ||
Revision as of 16:09, 9 March 2015
1. The control of markets or of other activities, usually by a system of rules, often including primary or secondary legislation.
2. Law.
A rule designed to carry out a specific piece of legislation. Usually enforced by a regulatory agency.
3. European Union law.
An act of European Union (EU) law having direct effect in all member states.
Regulations are passed either jointly by the EU Council and European Parliament, or by the EU Commission alone.
4.
More generally, a rule to control, direct or manage an activity, organisation or system.
Such a regulation may or may not have legal authority.
